8738 Us Highway 36Avon, IN 46123

For Sale
$4,402,800

High-yield retail center, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 6,510 square foot, three-tenant shopping center in Avon, Indiana, boasting a 6.25% cap rate and a substantial net operating income (NOI) of $275,175. Located at 8738 E US Hwy 36, this property benefits from a prime location on a major thoroughfare with nearly 45,000 vehicles passing daily. The center is anchored by Bibibop Asian Grill and Piada Italian Street Food, both with corporate guarantees, and features a third tenant. All tenants are under 10-year leases commencing March 1, 2025, with built-in rent bumps

Highlights

  • New 10-year leases with Piada, Milkshake Factory, and Bibibop.
  • Annual rent increases: 2% for Piada; 10% every 5 years for Bibibop and Milkshake Factory.
  • Piada and Bibibop are corporate-guaranteed locations.
  • Shadow-anchored by a high-traffic Costco (2M annual visitors) and surrounded by major national retailers.
  • High-traffic location on US-36 (Rockville Rd), averaging 43,450 vehicles daily.
  • Strong demographics: 69,825 residents within a 3-mile radius, boasting a $121,550 average household income.

Property Details for 8738 Us Highway 36

Property type
Lifestyle centers, Power centers
Square Feet
6,510 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
77,972 SF
Units
3

Location Insight

City
Avon
County
Hendricks
State
Indiana
Latitude
39.7635955
Longitude
-86.3666274
8738 Us Highway 36, Avon, Indiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8738 Us Highway 36
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message